3940 Flagstone Ct SW, Atlanta, GA 30331
4 beds · 3 baths · 2,510 sqft
Stunning Tri-Level Mid Century Gem! Welcome to your dream home! This breathtaking Tri-Level Mid Century marvel offers the perfect blend of style, space, and location. With 4 spacious bedrooms and 3 luxurious full bathrooms, this home is designed for modern living and entertaining. Step inside to discover the seamless flow between the living room/dining room combo and the open kitchen, featuring a large island that's perfect for hosting gatherings. The kitchen overlooks a massive family room and living room, creating an inviting atmosphere for guests and family alike. Convenience is at your fingertips with a **laundry room** and **large pantry** just off the kitchen. This home is not just beautiful, but incredibly functional. Each bedroom is generously sized, providing a peaceful retreat after a long day. The master suite is your private oasis, complete with an en-suite bathroom for ultimate relaxation. Location is key, and this home delivers! Enjoy close proximity to downtown, making commutes a breeze. The airport, shopping centers, and the vibrant West Midtown are all just a stone's throw away. Don't miss the chance to own this entertainer's paradise in one of the most sought-after areas. Come see it today and fall in love with your new home! United Community Bank offers a home loan assistance program available for FHA, VA, USDA, and Conventional loans. To qualify, applicants must have an income between 80% to 120% of the Area Median Income (AMI). Those with incomes under 80% AMI may be eligible for grants, including a $12,500 Grant and a $15,000 Fulton Grant. The program is open to all homebuyers, not just first-time buyers. A minimum out-of-pocket expense of $1,000 is required, and applicants must have a minimum credit score of 600. For more information, contact United Community Bank Loan Officer Kelvin Goodwin.
Source: FMLS #7404167
Source: FMLS #7404167
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #7404167
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.